Learn to Code Media
The legacy media is dying, and as we've been cheering it on for years now, it's a long time coming:
CNN is planning to wield the axe on some of its high-paid staff after dismal election ratings that cap off a disastrous period for the cable news network.
According to an explosive new report from Puck, network executives will unleash sweeping lay-offs in a bid to save the network's flailing reputation.
It comes after the departure of stalwart Chris Wallace, and amid reports senior stars like Wolf Blitzer and Jake Tapper have both been denied raises.
And not just CNN, but Comcast is looking to unload money losers:
- Comcast said it was considering spinning off its cable networks that include CNBC and MSNBC into a separate company, as the media industry grapples with a decline in traditional TV viewership due to cord-cutting by consumers shifting to streaming.
- The potential spin-off would exclude the NBC broadcast network and the Peacock streaming service. The company, however, is interested in seeking a partner for Peacock to help grow that business, Comcast president Mike Cavanagh said on Thursday.
For those who don't know, "seeking a partner" means they're looking for someone to split the losses with so it doesn't affect they're bottom line as badly.
They're mostly propaganda machines for the left and that didn't work out so well for them this cycle.
Labels: media